We stayed there during the Ultra Music Festival and the rates were three times as high as usual. 60$ a night for a hostel is completely unreasonable. There is only one bathroom for 12 people which wasn't enough. The location is excellent. You need to bring you own lock. Wifi only works in the lobby. The hostel organizes nights out in the clubs but the deals were questionable sometimes and some of the clubs quite sketchy.

We stayed there during the Ultra Music Festival and the rates were three times as high. There are hostels that are closer to the beach. The common area with the bar and the kitchen are very nice. It creates the hostel atmosphere you are looking for and you get to know many fellow travelers. The free barbecue is a big plus and the burgers were delicious. There are 2 bathrooms for 12 people, which turned out not to be sufficient. I would recommend the hostel for it's ideal set up for socializing.